The law comes as part of ACRA’s ongoing efforts to reinforcing Singapore’s reputation as a trusted financial hub and reputation, as well as increasing the transparency of proprietorship and control of companies.
Starting July 30, all companies, foreign companies, and limited liability partnerships (LLPs) will be required to file the information in their Register of Registrable Controllers (RORC) to the Accounting and Corporate Regulatory Authority’s (ACRA’s) Central Register of Controllers.
The RORC contains information of individuals and legal entities that have considerable interest or control over the company, foreign company or LLP.
